Research On The Prediction Of A Buyout Price By Hypg Based On The Case Of JY Company

Pharmaceutical industry is an important part of the national economy and closelyrelated to the vital interests of life and health and quality of life of the masses. Thepharmaceutical industry is not only the focus of attention of the whole society, but alsois an important part of building a socialist harmonious society. Long-term accumulationof unreasonable structural, weak innovation capacity, poor environmental management,serious waste of resources and other issues have become increasingly prominent as therapid development of China’s pharmaceutical industry. Therefore, under the impetus ofthe objective economic laws, implementation of corporate mergers and reorganizationof assets not only meets the domestic pharmaceutical industry structural adjustmentrequirements, but also is the only way to revitalize the national pharmaceutical industry.This paper focuses on the research on the value of Chinese enterprises’ acquirespecific cases, corporate acquisitions are a multitude of relationships and problemsinvolving complex systems engineering, firstly, these issues need to be analyzedcarefully in the background for providing a scientific basis for the acquisition ofcorporate behavior. Combined with market conditions, policy guidance and the acquirerbusiness bottlenecks, this paper describes the acquiring company and the acquiredcompany, and analyzes the acquiring companies’ problems in detail. Then, according tothe specific circumstances of business and industry and other market-oriented policies,the paper determines the target company, and conducts a feasibility analysis of theacquired company, which includes market analysis and the analysis of the advantagesand problems. Secondly, according to the target company’s actual financial data, thispaper takes free cash flow method to assess the value of the target company. Then thispaper does sensitivity analysis on the acquired company’s enterprise value to establishits value range and the acquisition price ceiling results. And according to the acquisitionof payment of both the acquisition and financing of the actual situation, this paper willpropose practical payment. Finally, this paper forecasts the economic value of the entireacquisition program and presents the investment plan of the project, fundingrequirements and specific financing programs, and evaluates the effectiveness of theproject. At last, this paper presents security measures to protect effectiveness of theacquisition program and reduce risk. Through this writing, I hope it could provide someguidance on corporate acquisitions, especially the acquisitions of the pharmaceuticalindustry, and provide some thoughts and ideas on the determining the enterprise value,the mode of payment and estimating the acquisition value. Meanwhile, HY sharesacquisition cases is a typical of pharmaceutical companies acquisition. Through studying on this acquisition case, it also can provide a reference for other listedcompanies, especially pharmaceutical companies acquisition program designed.